Funeral Plan Policy. Rules and regulations if you have a pre-paid funeral plan &md
Rules and regulations if you have a pre-paid funeral plan — what you need to know A pre-paid funeral plan lets you pay for some funeral costs such as the services of a funeral director to arrange the funeral and take care of the deceased. The two most common types of funeral insurance are standard funeral insurance and pre-need funeral insurance. A funeral plan allows you to pre-pay your funeral costs and plan details in advance. When you die, the insurance payout goes to pay for your chosen funeral services. Sep 3, 2025 · Life Insurance: Sometimes known as “burial insurance” or “funeral insurance,” a life insurance policy can cover your end-of-life expenses. Decide who you want to cover and for how much. But they don't cover all funeral costs, so check what's included first. Jul 5, 2021 · This policy statement sets out our final rules, guidance and standards for when the pre-paid funeral plans sector enters our regulation. Dec 30, 2025 · Explore 2026’s best burial insurance providers. Planning for a funeral is one of the most difficult but important financial decisions a family can make.